Living in Gibbon, Minnesota
Cost of living, income, home prices, rent and demographics of Gibbon · Census data 2020–2024
Gibbon has 918 residents with a median age of 38. The median household income is $55,278 (38% lower than the Minnesota median), the median home value is $102,700, the median rent is $950/month.
Gibbon is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Gibbon at a glance
- Population
- 918
- Median age
- 38State: 38.8
- Median household income
- $55,278State: $89,062
- Median home value
- $102,700State: $329,300
- Median rent
- $950/moState: $1,280
- Homeowners
- 77.7%
- Bachelor's degree or higher
- 17.7%
- Average commute
- 29 min
Is Gibbon a good place to live?
Pros: Home values 69% lower than the state median.
Cons: Median household income 38% lower than the Minnesota median; an average commute of 29 minutes; unemployment of 12.1%; a poverty rate of 17.8%.
The weather is best in June to September.
Cost of living in Gibbon
Housing is the biggest part of the cost of living. In Gibbon the median home value is $102,700, 69% lower than the U.S. median. Renters pay a median of $950 per month, which is 20.7% of household income. Homeowners with a mortgage pay $1,071 a month in housing costs.
Gibbon median household income
The median household income in Gibbon is $55,278 and the income per person is $32,499. 17.8% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Gibbon: homes for sale and rent
- Housing units
- 405
- Owner-occupied
- 77.7%
- Renter-occupied
- 22.3%
- Vacant
- 8.1%Includes seasonal homes
- Median year built
- 1954
- Average household size
- 2.47
Gibbon demographics
- Population
- 918
- Median age
- 38
- Under 18
- 24.8%
- 65 and older
- 21.1%
- Households
- 372
- Foreign-born
- 3.8%
- Veterans
- 5.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Gibbon ›
Education in Gibbon
17.7% of adults 25 and older in Gibbon have a bachelor's degree or higher (Minnesota: 39.4%), and 5.1% have a graduate or professional degree.
Jobs and commute in Gibbon
- Unemployment rate
- 12.1%State: 4.1%
- Average commute
- 29 minState: 23 min
- Work from home
- 7.9%
- Drive alone
- 78.4%
- Public transit
- 0%
- Walk to work
- 4.5%
- Homes with broadband
- 89.5%
Gibbon vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Gibbon | 918 | $55,278 | $102,700 | $950 |
| Winthrop | 1,381 | $69,219 | $169,600 | $776 |
| Lafayette | 484 | $88,750 | $155,800 | $980 |
| Fairfax | 1,088 | $60,172 | $116,300 | $432 |
| Stewart | 644 | $65,982 | $125,400 | $763 |
| Buffalo Lake | 635 | $66,167 | $113,400 | $759 |
| Gaylord | 2,073 | $57,243 | $171,600 | $860 |
| New Ulm | 14,056 | $64,449 | $204,200 | $962 |
| Brownton | 546 | $79,712 | $162,500 | $875 |
More for people moving to Gibbon
Gibbon ZIP code ›Weather and climate ›Living in Gibbon: FAQ
What is the median household income in Gibbon, MN?
The median household income in Gibbon is $55,278, 38% lower than the Minnesota median of $89,062 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Gibbon?
The median home value in Gibbon is $102,700, compared with $329,300 in Minnesota.
How much is rent in Gibbon?
The median gross rent in Gibbon is $950 per month, about 20.7% of household income.
Is Gibbon, MN a good place to live?
Pluses: home values 69% lower than the state median. Minuses: median household income 38% lower than the Minnesota median; an average commute of 29 minutes; unemployment of 12.1%; a poverty rate of 17.8%.
What is the median age in Gibbon?
The median age in Gibbon is 38 years (Minnesota: 38.8).
How long is the commute in Gibbon?
The average commute to work in Gibbon is 29 minutes; 7.9% of workers work from home.
What is the unemployment rate in Gibbon?
The unemployment rate in Gibbon is 12.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Gibbon?
17.7% of adults in Gibbon have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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